Signal US500 Buy — H4 - May 24, 2026 05:47 GMT-4
The S&P 500 (US500) on H4 timeframe shows a strong bullish setup. Recent candles form a clear ascending triangle pattern between 7389.07 and 7475.29, with price consolidating near the upper boundary before breaking out higher. The last three candles close above 7450, indicating momentum retention, while volume spikes on the breakout candle (7475.29) confirm institutional buying. Key resistance at 7500-7525 has been tested multiple times, with price currently hovering near the upper end of this range. The consolidation phase has been characterized by higher lows and lower highs, suggesting a bullish bias. With the recent close at 7475.29, the market…